BUSINESS – AUSTRALIA

Roy Morgan CEO Michele Levine’s comment on the rise in Roy Morgan October Business Confidence

roymorgansocial Leave a comment

Original article by Michele Levine, Roy Morgan Research
Market Research Update – Page: Online : 8-Nov-16

Business Confidence increased for the second straight month, up by 1.3pts (+1.1%) in October to 116.2 – the highest Business Confidence has been since the Federal Election in July. The most confident industries in October were the primary industries of Agriculture, forestry and fishing, Mining – which has significantly recovered from lows earlier in 2016, Education and training, Accommodation and Rental, hiring and real estate services – all significantly above the national average. Industries lagging in confidence in October include Transport, postal and warehousing, Arts and recreational services, Personal, repair and other services and the utilities of Electricity, gas, water and waste. It is no surprise to see lower business confidence in the Electricity industry given the problems with the South Australian power system and the well-anticipated recent decision to close Victoria’s Hazelwood power stations (responsible for up to 25% of Victorian baseload energy demand).

CORPORATES
ROY MORGAN RESEARCH LIMITED

Business Confidence up slightly in October to 116.2 (up 1.1%) on the back of renewed strength in primary industries Agriculture & Mining

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 8-Nov-16

Roy Morgan Research’s Business Confidence rose 1.1% to 116.2 in October 2016. The small rise in Business Confidence occurred even though the Australian All Ordinaries fell during October – the All Ordinaries ended October at 5,402.40 (down 122.8pts from September 30). However, this fall was concentrated in the last week of the month (the All Ordinaries lost 120.9pts between October 25-31) and has fallen further in early November – now at 5,330.9 (November 7). This month’s small rise in Business Confidence means Business Confidence is now just below the 6yr average (116.6) and slightly below the ANZ-Roy Morgan Consumer Confidence October rating of 118.5.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Business Confidence slumps in August – down 6.5% to 108.6 after interest rate cut; lowest since Turnbull became PM

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 13-Sep-16

Roy Morgan Research’s Business Confidence fell 6.5% to 108.6 in August. The fall in Business Confidence comes after the RBA cut interest rates to a record low 1.5% in early August. The fall in Business Confidence was far larger than the small fall of the Australian All Ordinaries in August – the All Ordinaries ended August at 5,529 (down 2.0% (or 115pts) from July 31, 2016, 5,644) although the All Ordinaries has fallen further in September – now at 5,324 as of September 12. The fall in Business Confidence in August means Business Confidence has dipped below the 6yr average of 116.6.

CORPORATES
ROY MORGAN RESEARCH LIMITED, RESERVE BANK OF AUSTRALIA, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Gary Morgan’s comment on Roy Morgan July Business Confidence

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-Aug-16

Although the result in the House of Representatives at the recent Federal Election was disappointing, the result in the Senate is probably better for Prime Minister Malcolm Turnbull’s leadership. The increase in the cross-bench at first appears challenging for the Turnbull Government; however, the fact is that most of the new Senators are right-of-centre and likely to be favourable to the Government’s broader Budget and policy agenda. Two of the most important policies the Government took to the election were significant corporate tax cuts and the re-introduction of the Australian Building and Construction Commission (ABCC) to improve workplace productivity in the Construction industry. Despite the challenges, the Government should be able to pass these important reforms which will stimulate an Australian economy still dealing with the end of the mining boom.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Business Confidence lower in July – down 2.8% to 116.1 during month of political uncertainty

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-Aug-16

Roy Morgan Research’s Business Confidence fell 2.8% to 116.1 in July 2016 following the inconclusive Australian Federal Election at the start of July. The fall in Business Confidence comes despite an upward trend on the Australian sharemarket in July – the All Ordinaries closed the end of July at 5,644 (up 6.3% (or 334pts) from June 30, 5310). This was the highest close for exactly a year since July 31, 2015 (5,681). The fall in Business Confidence in July means Business Confidence has dipped just below the 6yr average of 116.7.

CORPORATES
ROY MORGAN RESEARCH LIMITED

CFOs look on bright side

roymorgansocial Leave a comment

Original article by Damon Kitney
The Australian – Page: 22 : 14-Jul-16

Some 33 per cent of CFOs at S&P/ASX 200 companies are confident about the future, according to a new Deloitte survey. This compares with just five per in the second half of 2015. The survey, which was carried out in the first half of 2016, also shows that 80 per cent of respondents think that uncertainty is a deterrent to business investment. Meanwhile, nearly 45 per cent of respondents believe that it is a good time to embrace balance sheet risk. New data from Roy Morgan Research also shows that there has been an upturn in business confidence.

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED, ROY MORGAN RESEARCH LIMITED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, KPMG AUSTRALIA PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, AGL ENERGY LIMITED – ASX AGL

Gary Morgan’s comment on the surge in Roy Morgan Business Confidence in June

roymorgansocial Leave a comment

Original article by Gary Morgan, Roy Morgan Research
Market Research Update – Page: Online : 12-Jul-16

Business Confidence was up 7.6 points in June 2016, to 119.5. However, in July it may "take a hit" given the increased size of the crossbench in the Senate. All businesses will have their eyes on the Coalition’s promised corporate tax cuts – reducing the corporate tax rate for large businesses to 25 per cent (from the current 30 per cent) over the next decade. The Coalition’s election victory means this policy is still on the agenda and the prospect of tax cuts over the next few years should continue to support Business Confidence. Investment certainty is crucial for larger businesses undertaking major projects with substantial investment expenditure.

CORPORATES
ROY MORGAN RESEARCH LIMITED

Business Confidence surges in June – up 6.8% to 119.5 prior to Federal Election

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 12-Jul-16

Roy Morgan Research’s Business Confidence jumped 6.8 per cent to 119.5 in June 2016. The rise in Business Confidence comes despite a downward trend on the Australian sharemarket in June – the All Ordinaries closed at the end of June at 5,310.40 (down 2.5 per cent -or 137.4 points – from May 31). However, the large rise in Business Confidence in June was likely more tied to the perception in the closing weeks of the Federal Election campaign that the Coalition would retain Government with a narrow victory – which turned out to be correct – despite a week of uncertainty following the Election. The increased level of Roy Morgan Business Confidence in June is now back above the five-year average (116.7).

CORPORATES
ROY MORGAN RESEARCH LIMITED

Business Confidence plunges in May – down 9.1% to 111.9 following Federal Budget and Election uncertainty

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 26-May-16

A Roy Morgan Business Single Source survey has found that Australian business confidence fell by 9.1 per cent to 111.9 in May 2016. Business confidence is now at its lowest since a 2016 low of 110.6 in January. The fall in Business Confidence comes even after a slight improvement on the Australian sharemarket in May. However, the large drop in Business Confidence is likely more tied to a poorly received Federal Budget in early May and the uncertainty surrounding the upcoming Federal Election. The weakest indicators in May relate to the upcoming year, which suggests the impact of election uncertainty. Net expectations of business performance over the next 12 months have dropped to 20.6ppts (down 17.5ppts in May) and net views of whether the next 12 months will be a "good/bad time to invest" are now 12.1ppts (down 14.2ppts).

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, MORGAN POLL, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, DCNS SA

Michele Levine on the Sky Business Channel with Peter Switzer

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 26-May-16

Roy Morgan Research CEO Michele Levine appeared on Peter Switzer’s TV show on the Sky News Business Channel on 25 May 2016. Levine discussed the findings of the latest Roy Morgan Image of Professions Survey, which has been carried out since 1979. Levine also notes that Roy Morgan Business Confidence has fallen by nine per cent in May, to 111.9.

CORPORATES
ROY MORGAN RESEARCH LIMITED, SKY NEWS